Kowloon Tong Luxury Project Records 37.4M Sale at 45K Per Sq Ft, Setting 3-Bedroom High
SingTao · 3 SOURCESabout 4 hours ago2 MIN
Summary
New World Development (017) has achieved a milestone sale at its Kowloon Tong low-density luxury project Au Yun, with a ground-floor 3-bedroom garden unit fetching 37.395 million HKD at 45,000 HKD per square foot—setting a new price-per-square-foot record for 3-bedroom units in the development . The buyer cited New World's brand reputation, the project's refined design, its proximity to international schools, and the convenience of being a 7-minute walk from Kowloon Tong MTR station . The project has now sold 66 units for approximately 2.8 billion HKD, earning the title of this year's top-performing new development .
Key Points
- The sold unit is Ground Floor G5 at Au Yun, with a saleable area of 831 sq ft plus a 213 sq ft private garden
- The unit features a 3-bedroom suite layout with a study room and additional bathroom
- The 45,000 HKD per sq ft price marks the highest for any 3-bedroom unit in the project
- The project has accumulated 66 units sold, generating nearly 2.8 billion HKD in revenue
- Only one garden unit remains available—the penthouse ROSA VILLA spanning 3,058 sq ft with 5 bedrooms
- Additional benchmark sales include a 4-bedroom roof-top unit at 91.44 million HKD (56,866 HKD/sq ft) and luxury houses averaging over 56 million HKD
- The project is located on Rose Street in Kowloon Tong, offering 109 low-density residential units
Why It Matters
This transaction reinforces confidence in Hong Kong's ultra-luxury residential market, where discerning buyers continue to prioritize low-density developments in established prime districts with educational amenities . The record-breaking price-per-square-foot for a mid-sized 3-bedroom unit signals that premium pricing is no longer confined to the largest villa-type properties, potentially reshaping pricing benchmarks across Kowloon Tong and similar prime locations.
This transaction reinforces confidence in Hong Kong's ultra-luxury residential market, where discerning buyers continue to prioritize low-density developments in established prime districts with educational amenities . The record-breaking price-per-square-foot for a mid-sized 3-bedroom unit signals that premium pricing is no longer confined to the largest villa-type properties, potentially reshaping pricing benchmarks across Kowloon Tong and similar prime locations.